Job DescriptionRole: Oracle HCM functional Consultant (Benefits + Compensation)
NExp: 6 to 10 Years
NLocation: Bangalore, Chennai, Pune, Noida
NModules: Benefits + Compensation
NNote: It's a support project.
NPOSITION SUMMARY
nPosition Overview:
NThe Compensation & Benefits Sr. Associate is responsible for implementing, configuring, and managing Compensation and Advantages modules within Oracle Fusion HCM.
NThis role ensures accurate setup and maintenance of employee compensation structures and benefits programs, aligning with business strategy, regulatory requirements, and organizational policies. The associate plays a critical role in delivering high-quality managed services support, enhancements, and continuous improvements across Oracle HCM Compensation and Benefits processes.
NCompensation Management:
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- End-to-end implementation and support of Oracle Fusion Compensation module. N
- Configure: N
- Compensation plans, salary components, bonus structures, and incentive plans N
- Eligibility profiles, approval workflows, and compensation cycles N
- Support compensation cycles: N
- Merit increasesn
- Bonus payouts N
- Promotion and adjustment processes N
- Manage and configure: N
- Compensation worksheetsand budgets N
- Guidelines and validation rules N
- Collaborate with HR andbusiness stakeholders to translate compensation strategies into system configurations. N
- Ensure alignment with organizational compensation policies and market benchmarks. N
- Ability to understand U.S. and global compensation structures and practices. N
nBenefits Management:
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- Design and configure benefit plans, program types, options, and eligibility profiles. N
- Configure: N
- Rates, coverage, and life event processing N
- Dependent and beneficiary setups N
- Support: N
- Open Enrollment processes N
- Mid-year changes and qualifying life events N
- Manage end-to-end benefits administration and enrollment workflows. N
- Ensure compl